Author: Press Room

© Reuters. FILE PHOTO: Coins and banknotes of Japanese yen are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday after the yen fell to a six-month low against the dollar that currency rates should be set by markets based on economic fundamentals. “Currency rates should be determined by markets based on fundamentals,” Suzuki told a news conference after a regular cabinet meeting. “We will continue to watch market moves closely.” The Japanese currency earlier weakened beyond 140 yen to the dollar,…

A day after striking a deal in principle with President Biden to raise the debt limit, Speaker Kevin McCarthy and his leadership team began an all-out sales pitch on Sunday to rally Republicans behind a compromise that was drawing intense resistance from the hard right.To get the legislation through a fractious and closely divided Congress, Mr. McCarthy and top Democratic leaders must cobble together a coalition of Republicans and Democrats in the House and the Senate willing to back it. Members of the ultraconservative House Freedom Caucus have already declared war on the plan, which they say fails to impose…

Warning: PUBGY is at high risk of cutting its dividend

WASHINGTON, DC – MAY 22: U.S. President Joe Biden meets with House Speaker Kevin McCarthy (R-CA) in … [+] the Oval Office of the White House on May 22, 2023 in Washington, DC. Biden and McCarthy were meeting to discuss raising the debt limit in an effort to avoid a default by the federal government. (Photo by Drew Angerer/Getty Images)Getty Images At last the debt ceiling debacle looks close to being over. At least until the next time. It’s the worst political theatre possible and it happens time after time after time. Yet somehow much of the media always goes…

getty Tax return season is over, but there are tax-saving opportunities to consider between now and the end of the year. Here are a few IRA strategies to review and consider. Qualified charitable distributions (QCDs). If you’re over age 70½, have a traditional IRA, and make charitable contributions, you probably should be making those charitable contributions using QCDs. You direct the IRA custodian to make a distribution to a charity. The distribution isn’t included in your gross income, but it counts toward your required minimum distribution (RMD) for the year, if you have one. Conversions to Roth IRAs. I explained…

The head of the GMB union, one of Labour’s biggest donors, has called on party leader Keir Starmer to scrap plans to ban all new North Sea fossil fuel extraction licences.Gary Smith said there was a “national security imperative” to keep Britain’s oil and gas industry alive given the country will keep using those fuels for decades even under its “Net Zero 2050” target.“It would be self-defeating not to maximise extraction from our own oil and gas, and that’s going to be a difficult debate but it’s one we’ll have to face down,” the GMB general secretary said in an…

© Reuters. FILE PHOTO: Former Jerusalem Mayor and Knesset member Nir Barkat speaks to reporters during an interview with Reuters at his home in Jerusalem, October 6, 2021. REUTERS/Nir Elias/File Photo By Steven Scheer JERUSALEM (Reuters) – Israel’s competition watchdog sought more data on Sunday from the country’s banks relating to an investigation, saying they were enjoying huge profits from higher interest rates on loans but weren’t adequately sharing the benefits with customers. The investigation, which began in 2022, wasn’t made public prior to Sunday. In a bid to rein in inflation, the Bank of Israel last week raised its…

2/2 © Reuters. FILE PHOTO: Texas Attorney General Ken Paxton leaves a news conference after the U.S. Supreme Court heard oral arguments in President Joe Biden’s bid to rescind a Trump-era immigration policy that forced migrants to stay in Mexico to await U.S. hearings o 2/2 By Rich McKay (Reuters) – The Texas Senate on Sunday was set to begin deliberations to permanently remove from office Attorney General Ken Paxton, a conservative firebrand and ally of former President Donald Trump, who was impeached by the House this weekend over accusations by fellow Republicans of abuse of office. After hours of…

© Reuters. Investing.com– Oil prices retreated in Asian trade on Friday, extending a sharp drop from the prior session as traders awaited more clarity on the OPEC’s plans for future production cuts, while concerns over the U.S. debt ceiling kept markets on edge. Crude markets suffered steep losses on Thursday, falling nearly 3% and trimming most of their gains this week after Russian Deputy Prime Minister Alexander Novak said he expects no new steps from the Organization of Petroleum Exporting Countries and allies (OPEC+) during a June 4 meeting. Selling in crude continued even as Novak clarified that the OPEC was…

Source: Pixels Hunter/AdobeThe Beijing Municipal Science and Technology Commission has released a white paper in a bid to foster innovation and development within the Web3 industry.Dubbed the “Web3 Innovation and Development White Paper,” the paper was unveiled at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park, local news outlet The Paper reported. The commission aims to establish Beijing as a global innovation hub by allocating a minimum of CNY100m ($14m) annually until 2025. The funding will go towards enhancing policy support and expediting technological advancements to foster the growth of the…